Profit & Loss account

Common Size Statement

Mar '09

% of sales

Rs. Crore

Mar '10 % of sales

Rs. Crore

Mar '11 % of sales

Rs. Crore

Income
Sales Turnover
Excise Duty
Net Sales

1327.51

100.00

1568.37

0.00

0.00

0.00

1327.51

100.00

1568.37

Other Income

-18.70

-1.41

8.18

Stock Adjustments

-24.90

-1.88

4.91

1283.91

96.72

1581.46

787.09

59.29

899.73

0.00

0.00

0.00

Employee Cost

87.11

6.56

87.59

Other Manufacturing Expenses

14.91

1.12

104.16

147.05

11.08

149.45

86.82

6.54

76.20

0.00

0.00

0.00

Total Expenses

1122.98

84.59

1317.13

Operating Profit

179.63

13.53

256.15

PBDIT

160.93

12.12

264.33

Interest

155.64

11.72

160.11

5.29

0.40

104.22

Total Income

100.00
0.00
100.00
0.52
0.31
100.83

1929.00

57.37
0.00
5.58
6.64
9.53
4.86
0.00
83.98

1096.92

16.33
16.85
10.21
6.65
1.98
0.00
4.67
-0.12
4.55
1.35

302.52

3.20
26.61
0.00
0.33
0.06

75.18

0.00
1929.00
9.13
1.24
1939.37

100.00
0.00
100.00
0.47
0.06
100.54

Expenditure
Raw Materials
Power & Fuel Cost

Selling and Admin Expenses

Miscellaneous Expenses
Preoperative Exp Capitalised

PBDT
Depreciation

63.13

4.76

31.03

Other Written Off

0.00

0.00

0.00

Profit Before Tax

-57.84

-4.36

73.19

0.00

0.00

-1.84

-57.84

-4.36

71.35

5.89

0.44

21.13

Reported Net Profit

-63.72

-4.80

50.23

Total Value Addition

335.88

25.30

417.40

Preference Dividend

0.00

0.00

0.00

Equity Dividend

0.00

0.00

5.24

Corporate Dividend Tax

0.00

0.00

0.87

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax

0.00
98.98
135.92
183.87
112.03
0.00
1627.72

311.65
166.83
144.82
31.00
0.00
113.82
0.00
113.82
38.65

530.81
0.00
6.16
0.80

Shares in issue (lakhs)

348.66

349.14

821.67

shares in issue (crores)

3.49

3.49

8.22

-18.28

14.39

9.15

Earning Per Share (Rs)

56.86
0.00
5.13
7.05
9.53
5.81
0.00
84.38
15.68
16.16
8.65
7.51
1.61
0.00
5.90
0.00
5.90
2.00
3.90
27.52
0.00
0.32
0.04

Equity Dividend (%)

Book Value (Rs)

0.00

15.00

15.00

66.85

79.67

72.79

nt
Trend Analysis
Mar '09

Mar '10

Mar '11

100.00

118.14

145.31

100.00
100.00
100.00
100.00

118.14
143.74
119.72
123.18

145.31
148.82
104.98
151.05

100.00

114.31

139.36

100.00
100.00
100.00
100.00

100.55
698.59
101.63
87.77

113.63
911.60
125.04
129.04

100.00

117.29

144.95

100.00
100.00
100.00
100.00
100.00

142.60
164.25
102.87
1970.13
49.15

168.41
193.66
107.19
2737.62
49.11

100.00

226.54

296.78

100.00
100.00

223.36
358.74

296.78
656.20

100.00
100.00

178.83
124.27

217.98
158.04

100.00

100.14

235.67

100.00

178.72

150.05

100.00

119.18

108.89

Balance Sheet
Common Size Statement
Mar '09

Comparative

Rs. Crore

Mar '10

Comparative

Rs. Crore

Mar '11

Comparative

Rs. Crore

Sources Of Funds
Total Share Capital

34.87

7.91

34.91

6.98

41.08

Equity Share Capital

34.87

7.91

34.91

6.98

41.08

Share Application Money

0.00

0.00

30.72

6.14

0.00

Preference Share Capital

0.00

0.00

0.00

0.00

0.00

198.22

44.96

243.26

48.62

557.02

Reserves
Revaluation Reserves

0.00

0.00

0.00

0.00

0.00

Networth

233.09

52.87

308.89

61.74

598.10

Secured Loans

178.22

40.43

176.41

35.26

128.72

Unsecured Loans

29.54

6.70

15.00

3.00

20.00

Total Debt

207.76

47.13

191.41

38.26

148.72

Total Liabilities

440.85

100.00

500.30

100.00

746.82

Gross Block

403.45

91.51

457.66

91.48

505.64

Less: Accum. Depreciation

167.94

38.09

186.66

37.31

193.50

Net Block

235.51

53.42

271.00

54.17

312.14

23.23

5.27

27.68

5.53

44.65

5.50
5.50
0.00
0.00
74.59
0.00
80.09
17.24
2.68
19.91
100.00

Application Of Funds

Capital Work in Progress

Investments
Inventories
Sundry Debtors
Cash and Bank Balance

97.45

22.10

119.67

23.92

237.19

144.98

32.88

149.89

29.96

151.14

11.30

2.56

10.91

2.18

16.01

15.53

3.52

2.81

0.56

2.36

Total Current Assets

171.81

38.97

163.61

32.70

169.51

Loans and Advances

203.71

46.21

222.58

44.49

284.32

Fixed Deposits

0.20

0.05

0.23

0.05

0.25

375.72

85.22

386.42

77.24

454.08

0.00

0.00

0.00

0.00

0.00

264.72

60.04

269.66

53.90

291.69

26.32

5.97

34.80

6.96

9.55

Total CL & Provisions

291.04

66.01

304.46

60.85

301.24

Net Current Assets

84.68

19.21

81.96

16.38

152.84

0.00

0.00

0.00

0.00

0.00

440.87

100.00

500.31

100.00

746.82

Total CA, Loans & Advances

Deffered Credit
Current Liabilities
Provisions

Miscellaneous Expenses
Total Assets
Contingent Liabilities

81.68

77.69

53.91

Book Value (Rs)

66.85

79.67

72.79

67.71
25.91
41.80
5.98
31.76
20.24
2.14
0.32
22.70
38.07
0.03
60.80
0.00
39.06
1.28
40.34
20.47
0.00
100.00

Trend Analysis
Mar '09

Mar '10

Mar '11

100.00

100.11

100.00

100.11

117.81
117.81

100.00

122.72

281.01

100.00

132.52

100.00

98.98

100.00

50.78

100.00

92.13

100.00

113.49

256.60
72.23
67.70
71.58
169.40

100.00

113.44

100.00

111.15

100.00

115.07

100.00

119.16

100.00

122.80

100.00

103.39

100.00

96.55

100.00

18.09

100.00

95.23

100.00

109.26

100.00

115.00

100.00

102.85

100.00

101.87

100.00

132.22

100.00

104.61

100.00

96.79

110.19
36.28
103.50
180.49

100.00

113.48

169.40

100.00

95.12

100.00

119.18

66.00
108.89

125.33
115.22
132.54
192.21
243.40
104.25
141.68
15.20
98.66
139.57
125.00
120.86

Cash FLOW

(figures in lakhs)

2009

2010

2011

Cash flow from operating activities

Net Profit/Loss before tax

-6435.7

6567.03 11382.58

Adjustment for:

Depreciation,Amortisation
Interest & Finance charges
Provision of diminution in value of investments
Profit/Loss on sale of fixed assets(net)
Amortisation of Stock compensation
Dividend received
Interest income
Operating Profit before Working Capital changes

6313.1 3102.54 3099.88

2560.3 2244.35 1453.77
2.55 NIL
NIL
178.6
-147.29
-37.22
5.3
NIL
NIL
NIL
NIL
-125.72
-582.1
-375.4
-720.21
4525.9 11391.23 15053.08

Adjustment for:

Trade & other receivables(other than lease deposits)

Lease deposits(net)
Inventories
Trade & other payables
Cash generated from operations

Income Tax paid

Net Cash from operating activities

-1180.82 1021.45
-970.08
-830.9
213.63
-341.58
2489.5
-491.22
-2449.4
5802.45
-282.62 5525.19
10806.13 11852.47 16817.21
-706.1 -1626.81 3093.68
10100.03 10225.66 13723.53

Cash flow from investing activities

Purchase of fixed assets

Sale of fixed assets
Loans & Advances to subsidiaries
Loans & Advances to associates
Investment in subsidiaries
Investment in joint ventures
Other Investment made
Interest received
Consideration received on tranfer of Crossword business
Net Cash from investing activities
Cash flow from financing activities
Issue of share capital
Securities premium on issue of share capital
Issue of optionally convertible warrants
Dividend & dividend tax paid
Proceeds from long term borrowings
Repayment of long term borrowings
Short term loans
Loans from subsidiaries
Repayment of loan to subsidiaries
Interest & finance charges paid
Net Cash from financing activities

-8569.6
242.6
NIL
NIL
NIL
NIL
-1672.37
582.1
NIL
-9417.27

-7300.13
655.01
-3960.44
-1164.9
-950
-1272.89
NIL
373.57
NIL
-11290

-11314.1
188.82
-8587.06
NIL
-11361.3
-390.57
NIL
722.13
2000
-28742.1

0.4
4.8

4.83
91.92
3071.8
NIL
NIL
-2349.33
-282.76
1500
NIL
-2244.35
-207.89

616.91
21484.3
NIL
-610.71
2000
-9668.12
4105.49
1980
-3480
-1453.77
14974.1

NIL
-611.7
12017.4
-9924.18
1500
NIL
NIL
-2560.3
316.42

Cash/Cash equivalent at the end of the year

Closing Balance of Cash
(-) Opening Balance of Cash

999.18

-1272.21

-44.42

1553.05
553.87
999.18

280.84
1553.05
-1272.21

236.42
280.84
-44.42

Shoppers Stop
Consolidated
Quarterly Results

Sales Turnover

Previous
Years
------------------ in Rs. Cr.
------------------

Dec '11

Sep '11

Jun '11

Mar '11

Dec '10

744.68

716.03

593.31

620.94

649.81

Other Income

0.52

3.21

0.13

0.06

0.07

Total Income

745.2

719.23

593.44

621

649.88

710.29

683.92

579.4

590.82

607.22

34.39

32.11

13.91

30.12

42.59

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

--

Total Expenses
Operating Profit
Profit On Sale Of
Assets
Profit On Sale Of
Investments
Gain/Loss On Foreign
Exchange
VRS Adjustment
Other Extraordinary
Income/Expenses
Total Extraordinary
Income/Expenses
Tax On Extraordinary
Items
Net Extra Ordinary
Income/Expenses

--

--

--

--

--

Gross Profit

34.91

35.32

14.04

30.18

42.66

Interest

12.07

10.08

8.54

6.79

PBDT

22.84

25.23

6.03

21.64

35.87

Depreciation

15.16

14.45

13.33

13.98

13.64

--

--

--

--

--

Depreciation On
Revaluation Of Assets
PBT

7.68

10.78

-7.3

7.66

22.23

10.36

9.47

5.81

8.82

14.65

--

--

--

--

--

Net Profit

-2.68

1.31

-13.11

-1.16

7.58

Minority Interest
Share Of P/L Of
Associates
Net P/L After Minority
Interest & Share Of
Associates

12.02

8.92

11.59

8.88

8.96

--

--

--

--

--

9.34

10.23

-1.52

7.72

16.54

--

--

--

--

--

Tax
Prior Years
Income/Expenses

Depreciation for
Previous Years Written
Back/ Provided

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

Earnings Per Share

--

0.16

--

--

0.92

Book Value

--

--

--

--

--

Equity

41.24

41.24

41.11

41.08

41.07

Reserves

--

--

--

--

--

Face Value

SR NO

RATIO

2008-09

2009-10

172/291

164/304

0.6:1

0.5:1

208/233

191/309

0.89:1

0.62:1

233/441

309/500

0.53

0.62

208/233

191/309

0.89:1

0.62:1

LIQUIDITY RATIO
CURRENT RATIO

SOLVENCY RATIOS
DEBT EQUITY RATIO

PROPREITORY RATIO

CAPITAL GEARING RATIO

PROFITABILITY RATIO
NET PROFIT RATIO

50.23/1568

3.19%

OPERATING PROFIT RATIO

RETURN ON CAPITAL EMPLOYED

179.63/1328*100

256.15/1568*100

13.53%

16.34%

161/441*100

264/500*100

36.50%

53%

2010-11

Ideal ratio

170/301

2:01

0.6:1

149/598

1:01

0.25:1

598/747

ABOVE 0.5

0.80

149/598
0.25:1

75.18/1929

HIGHER THE
BETTER

3.89%

302.52/1929*100
15.68%

312/747*100
41.80%

HIGHER THE
BETTER

Comments

shoppers stop is moderately liquid to pay its current obligation in time

shoppers stop does not depend much on outsiders for its existance
in the third year ratio is decreasin ( because co has made more
reserves)

the propritory ratio is above 0.5 that means there is no greater risk
to the company

the ratio is not highly geared that means shoppers stop has
low borrowed funds and more net worth / equity

firm is not earning much profit

firm is earning enough operating profit to cover its operating

expense

this ratio shows reln bet total profits and total investment made
by co.

RATIO ANALYSIS
PARTICULARS

TURNOVER RATIOS:Stock Turnover Ratio=COGS/AVG.STOCK

Working Capital Turnover Ratio=NET SALES/W.C
Fixed Assets Turnover Ratio=SALES/F.A
Debtors Turnover Ratio=NET CR.SALES/AVG. RECEIVABLES
Debtors' Collection Period=NO. OF DAYS IN A YEAR/DEBTORS TURNOVER
Creditors Turnover Ratio= CR.PURCHASES/ AVG. ACCOUNTS PAYABLE
Creditors' Collection Period=NO. OF DAYS IN A YEAR/CREDITORS T.R
Total Assets Turnover Ratio=SALES/TOTAL ASSETS
Capital Turnover Ratio=SALES/CAPITAL EMPLOYED

INVESTOR RATIOS:EPS=PAT & PREF. DIVD./NO. OF EQUITY SHARES

P/E Ratio=MARKET PRICE PER SHARE/ EPS
Dividend Payout Ratio=DIVIDEND PAID PER SHARE/EPS

2009

8.14
15.68
5.64
135.18
2.66
3.53
102.00
5.64
3.01

N/A
N/A
N/A

2010

10.71
19.14
5.79
141.17
2.55
3.48
103.33
5.79
3.13

14.35
13.87
0.14

2011

12.86
12.62
6.18
143.31
2.51
3.74
96.16
6.18
2.58

9.16
34.98
0.11

The company started recording profits, which resulted in them paying off their Long Term Debts. Apart from this, they have also started giving m

SS deals mainly in cash sales, hence debtors collection period is as low as 2-3 days

Rise in P/E shows market's confidence in the stock and also implies that the the MP of the stock should shoot up in the future due to higher prof

o started giving more credit to their debtors thereby increasing their loans and advances, hence a low working capital TO ratio

ue to higher profits.

Balance Sheet

--------------- --------------- --------------- ------------------ in Rs. ---- in Rs. ---- in Rs. ---- in Rs.
------------------- in Rs. Cr. --- Cr. ---------- Cr. ---------- Cr. ---------- Cr. --------------------------------------------------------Pantaloon
Kewal
Shoppers Stop
Ret
Trent
Kiran Provogue
Mar '11

Jun '11

Mar '11

Mar '11

Mar '11

Total Share Capital

41.08

106.9

35.96

12.33

22.87

Equity Share Capital

Share Application
Money
Preference Share
Capital
Reserves
Revaluation
Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

41.08

43.42

20.06

12.33

22.87

100

0
557.02

63.48
2,671.23

15.9
1,045.99

0
185.43

0
709.81

0
2,878.13
1,675.89
497.23
2,173.12
5,051.25
Pantaloon
Shoppers Stop
Ret

0
1,081.95
100
175
275
1,356.95

0
0
197.76
732.68
5.57
239.54
0
6.7
5.57
246.24
203.33
978.92
Kewal
Kiran Provogue

Sources Of Funds

0
598.1
128.72
20
148.72
746.82

Trent

Mar '11

Jun '11

Mar '11

Mar '11

Mar '11

505.64

1,877.66

330.19

67.26

105.33

193.5
312.14

410.64
1,467.02

66.27
263.92

26.69
40.57

39.28
66.05

44.65
237.19
151.14
16.01

100.13
2,255.41
1,762.20
185.24

27.83
424.97
130.57
6.66

2.15
26.85
36.81
29.81

0.36
290.18
271.88
171.46

2.36

76.38

13.41

2.06

11.63

Total Current Assets

169.51

2,023.82

150.64

68.68

454.97

Loans and Advances

Fixed Deposits

284.32
0.25

497.96
9.39

495.14
286.94

20.34
93.29

225.69
8.31

Application Of Funds
Gross Block
Less: Accum.
Depreciation
Net Block
Capital Work in
Progress
Investments
Inventories
Sundry Debtors
Cash and Bank
Balance

Total CA, Loans &

Advances
Deffered Credit
Current Liabilities
Provisions

454.08
0
291.69
9.55

2,531.17
0
1,272.56
29.92

932.72
0
153.71
138.77

182.31
0
30.44
18.11

688.97
0
62.69
3.95

Total CL & Provisions

301.24

1,302.48

292.48

48.55

66.64

Net Current Assets

Miscellaneous
Expenses
Total Assets

152.84

1,228.69

640.24

133.76

622.33

0
746.82

0
5,051.25

0
1,356.96

0
203.33

0
978.92

53.91
72.79

934.45
125.06

55.84
531.51

1.51
160.45

45.34
64.07

Contingent Liabilities
Book Value (Rs)

Profit & Loss account

------------------in Rs. Cr. --------Shoppers Stop Pantaloon Ret

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing
Expenses
Selling and Admin
Expenses
Miscellaneous Expenses
Preoperative Exp
Capitalised
Total Expenses

Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord
Items)
Tax
Reported Net Profit
Total Value Addition
Preference Dividend
Equity Dividend

Trent

Kewal Kiran Provogue

Mar '11

Jun '11

Mar '11

Mar '11

Mar '11

1,929.00
0
1,929.00
9.13
1.24
1,939.37

4,325.57
0.16
4,325.41
10.35
494.15
4,829.91

686.15
0
686.15
79.05
34.71
799.91

236.99
2.71
234.28
8.67
11.72
254.67

562.4
0.13
562.27
10.27
4.36
576.9

1,096.92
0
98.98

3,163.98
71.44
222.55

373.14
23.88
55.49

99.51
3.11
26.13

381.22
0.36
18.22

135.92

13.81

4.79

13.62

27.88

183.87

771.16

181.35

32.36

58.93

112.03

137.48

75.01

2.9

9.92

0
1,627.72

0
4,380.42

0
713.66

0
177.63

0
496.53

Shoppers Stop Pantaloon Ret

Trent

Kewal Kiran Provogue

Mar '11

Jun '11

Mar '11

Mar '11

Mar '11

302.52
311.65
166.83
144.82
31
0
113.82
0

439.14
449.49
187.83
261.66
146.37
0
115.29
-1.92

7.2
86.25
12.3
73.95
13.63
0
60.32
-0.08

68.37
77.04
2.06
74.98
5.73
0
69.25
-0.11

70.1
80.37
26.04
54.33
11.93
0
42.4
-0.44

113.82
38.65
75.18
530.81
0
6.16

113.37
36.54
78.75
1,216.44
0.01
20.27

60.24
17.23
43.04
340.5
0.01
15.06

69.14
22.91
46.23
78.1
0
20.34

41.96
8.56
33.41
115.3
0
2.86

Corporate Dividend Tax

0.8

3.29

2.44

3.33

0.46

Shares in issue (lakhs)

821.67

2,170.72

200.57

123.25

1,143.57

Earning Per Share (Rs)

Equity Dividend (%)
Book Value (Rs)

9.15
15
72.79

3.63
45
125.06

21.45
75
531.51

37.51
165
160.45

2.92
12.5
64.07

Per share data (annualised)